SCHMID Group (NASDAQ:SHMD) Releases Quarterly Earnings Results

SCHMID Group (NASDAQ:SHMD) issued its quarterly earnings results on Friday. The company reported $999.00 earnings per share for the quarter, Zacks reports.

SCHMID Group Stock Performance

SHMD opened at $6.87 on Friday. SCHMID Group has a fifty-two week low of $2.00 and a fifty-two week high of $10.65. The firm’s fifty day moving average is $6.12 and its 200 day moving average is $6.33.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in shares of SCHMID Group during the 3rd quarter valued at $40,000. Jane Street Group LLC purchased a new position in shares of SCHMID Group during the 4th quarter valued at $106,000. HRT Financial LP purchased a new position in shares of SCHMID Group during the 4th quarter valued at $130,000. XTX Topco Ltd purchased a new position in shares of SCHMID Group during the 4th quarter valued at $137,000. Finally, Geode Capital Management LLC purchased a new position in shares of SCHMID Group during the 4th quarter valued at $156,000. Hedge funds and other institutional investors own 46.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SHMD. Weiss Ratings reiterated a “sell (e+)” rating on shares of SCHMID Group in a research note on Tuesday, February 17th. Wall Street Zen cut shares of SCHMID Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

About SCHMID Group

Schmid Group AG is a global engineering and manufacturing company specializing in flexible packaging and barrier coating technologies for a range of industries. The company’s core offerings include turnkey coating, metallization and extrusion lamination lines designed to enhance the functional performance of films and substrates used in food, pharmaceutical and medical packaging applications. Schmid Group’s expertise also encompasses process engineering, product development and on-site support services, enabling clients to optimize production efficiency and sustainability in high-volume manufacturing environments.

In addition to its barrier technologies, Schmid Group provides modular solutions for thin-film coating, printing, slitting and winding, as well as machinery for flat glass finishing such as washing, sanding and patterning.